Do You Really Need Rental Car Insurance?

ByNicola Stevens

If you have never rented a car but plan on doing so in the future, you should know more about the rental insurance that many companies offer. Rental car insurance is essentially a waiver of collision damage. In other words, it covers damages on the car while it is in your possession. You are also covered if your rental car gets stolen. These are important to have in any case, but there are also more options you can add to the basic insurance such as personal effects coverage (if anything of yours is damaged or stolen) and personal accident insurance (which pays for your medical expenses and death benefits).

Rental car companies have probably fooled you into getting rental car insurance in the past, or maybe you are just wondering if declining insurance was a bad idea last time you rented a car. It is very important to know that rental car insurance is not a requirement. If you feel pressured by a company to add on the extra insurance, make sure you let them know that you are aware of the fact that it is not a requirement; if it were, it would be added on to the price by the company instead of being "offered" to you. In fact, there are some states that have made it illegal for these companies to imply that the insurance is a requirement, so you should check the laws in your state to see if this applies to you.

One thing to note about the insurance, however, is that there are some very good reasons to purchase it, as well as to decline it, when you rent a car. Being aware of these situations can help you avoid issues later on, so read on to find out when rental car insurance is important to have.

Getting the insurance can actually be a bit redundant because chances are that you are sufficiently covered through your own car insurance. However, you must get rental car insurance if you have liability-only insurance on your current policy. You also must get the "extra" insurance if you are not covered for theft and fires, or if someone causes an accident in your car and they are not on your insurance. However, you should know that if you are traveling for business, your company's corporate travel policy may include full coverage already, which makes the collision damage waiver superfluous.

Many people who drive older cars tend to have less insurance coverage, especially regarding accidents, fire and theft, all of which are required to be purchased for your rental car if you do not already have it on your own insurance policy. Being aware of exactly how covered you are by your policy is important at all times anyway, but most especially when you rent a car. If you need to check insurance rates, you should do so online to make the process streamlined. You can also read about additional insurance for rental cars.

Nicola Stevens
Insurance Rates
Additional Insurance for Rental Cars

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Nicola Stevens

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MLA Style Citation:
Stevens, Nicola".".24 Feb. 2012EzineArticles.com.28 Feb. 2012 .APA Style Citation:
Stevens, N. (2012, February 24). . Retrieved February 28, 2012, from http://ezinearticles.com/?Do-­You-­Really-­Need-­Rental-­Car-­Insurance?&id=6902648Chicago Style Citation:
Stevens, Nicola "." EzineArticles.com. http://ezinearticles.com/?Do-­You-­Really-­Need-­Rental-­Car-­Insurance?&id=6902648EzineArticles.com© 2012 EzineArticles.com
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